RMR vs SMHB: Correlation
The RMR Group Inc. (RMR) and ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN (SMHB) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMR and SMHB?
Over the past 3 years, RMR and SMHB moved with a correlation of 0.59, which is moderate. The past 12 months show a weaker link (0.48) than the 3-year average (0.59). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 631.2 %².
By 3-year correlation, SMHB places #4 of the 13 assets tracked against RMR. Correlation aside, the last 12 months split them widely, with RMR ahead by 22.0 points (+29.4% versus +7.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
RMR vs SMHB: side by side
| RMR (The RMR Group Inc.) | SMHB (ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN) | |
|---|---|---|
| 1-year return | +29.4% | +7.4% |
| 5-year return | -25.0% | -13.5% |
| Volatility (ann.) | 27.3% | 39.3% |
| Beta vs S&P 500 | 0.70 | 1.42 |
| Max drawdown (3Y) | -45.0% | -45.0% |
| Market cap | $0.3B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 9.23% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMR | SMHB |
|---|---|---|
| 2022 | -13.9% | -36.0% |
| 2023 | +6.5% | +36.0% |
| 2024 | -21.5% | -15.8% |
| 2025 | -19.4% | -7.7% |
| 2026 | +41.2% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMR and SMHB good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RMR and SMHB?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.48 over the last year and 0.62 over 5 years.
Is SMHB a good diversifier for RMR?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rmr-vs-smhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rmr-vs-smhb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RMR correlations · SMHB correlations
